"The president of the United States has personally come after me
and my show," Colbert said on Thursday night's episode of CBS'
"The Late Show." "And there's only one thing to say: Yay!"

In an interview with Time magazine,
Trump said Colbert's "show was dying" before the host began to
focus on criticizing the president. Trump also referred to
Colbert's recent inflammatory insults directed at Trump that led
some to call for
Colbert's firing and an FCC
investigation, saying Colbert was a "no-talent guy" and "what
he says is filthy."

"Mr. Trump, there is a lot you don't understand, but I never
thought one of those things would be show business," Colbert
continued in a sharp, punchy response to Trump's comments. "Don't
you know I have been trying for a year to get you to say my name?
And you were very restrained, admirably restrained. But now, you
did it. I won!"

Colbert conceded that he did "occasionally use adult language,"
but he said "I do it in public, instead of in the privacy of an
'Access Hollywood' bus," a reference to the video that leaked
before the 2016 election showing Trump lewdly boasting about
his sexual advances toward women.

Colbert also shot back at Trump's statements that Colbert's
ratings went up when he went harder on the president: "It's
almost as if the majority of Americans didn't want you to be
president."

And correcting Trump's claim that his appearance on "The Late
Show" was its highest-rated episode, the host said former
presidential candidate Jeb Bush's appearance got higher ratings
than Trump's.